Car purchase financing?

Hello folks,

I have a general question about buying a car.

I would like to purchase vehicle XY for €20,000 and make a down payment.

Is it possible to trade in your current car and possibly also make a down payment?

Say example:

Trade-in €2000 + down payment €2000 for car financing for e.g. 60 months.

Thanks for your answers

(1 votes)
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Sophonisbe
3 years ago

If it is possible to give your current car in payment and if necessary to make a deposit.

This depends on your negotiating skills vis-à-vis the seller.

jbinfo
3 years ago

16,000,- Euro credit at 60 months duration, then you are at about 290,- Euro monthly rate. Your car must then also have a real purchase value of 2,000,-.

baumfrosch25
3 years ago

This is certainly possible – but you have to ask the respective dealer.

peterobm
3 years ago

Clearly, you will return the vehicle where you buy the new one.

The purchase price is reduced by the deposit and payment. you just need a loan of 16,000€

olli20021
3 years ago

Yes, of course, you have to ask the seller.